U.K.-based security solutions provider Oncam Grandeye on Wednesday made a foray into the Indian market with the launch of its products, including a 360-degree camera solution.
Talking about the India market, Oncam Technologies CEO Firas Bashee said, “As we expand into Asia, there is no better country than India, for us to launch our new technology. It is a very important market for us.”
He added, “With one of the fastest growing economies in the world, its critical infrastructure, locational advantage, population, work force….we are excited at the opportunities and the partnerships we can create in India.”
The company’s solutions are used across sectors such as retail, transportation, educational institutions and gaming and cruise ships. Its customers include Subway stores, MGM Casinos, Royal Caribbean Cruise Lines, Mulberry and Leeds Metropolitan University.
In India, its solutions are already being used by DLF Builders, Ford Foundation, Orphans in Need, Guniebo and Google.
The video surveillance market is expected to reach $952.94 million by 2016 with a CAGR of over 32 per cent.